Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (367018)	4/29/2008 4:37:11 PM
From: ldo79	Read Replies (1) of 436258

got C - a/h not so fresh................ Press Release Source: Citigroup Inc. Citi Announces $3 Billion Common Stock Offering Tuesday April 29, 4:25 pm ET NEW YORK--(BUSINESS WIRE)--Citi today announced it has commenced an offering of approximately $3 billion of common stock. Citi expects the offering to include an over-allotment option to purchase additional shares of common stock. The offering is being conducted as a public offering registered under the Securities Act of 1933. On a pro forma basis, after giving effect to Citi’s recent issuance of $6 billion of preferred stock and an assumed issuance of $3 billion of common stock in this offering, as of March 31, 2008, Citi’s Tier One capital ratio would have been approximately 8.5%. “We are issuing common equity at this time as we continue to optimize our capital structure,” said Gary Crittenden, Chief Financial Officer of Citi. “We're pleased with the strong interest we have already received regarding this issuance.” Citi Markets & Banking is serving as sole book-running manager of this offering.

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